A type of home mortgage loan more widespread, home purchase, the mortgage is granted to meet the needs of money, or unsustainable. The asking price for the home mortgage loan must somehow be related to the purchase of a property (first or second home) or for its construction.

It is easy to see that you have more extensive facilities provided for by law, for the first home loan.

This does not imply the inability to request a dumb for other expenses, as always linked to the property: renovation, construction, furniture, etc..

The home mortgage loan allows you to obtain financing in the medium or long term, an amount higher than a personal loan to consumer credit.

They can apply for a home loan to all individuals, with the presence of a guaranteed income, which intend to purchase, build or renovate a building for residential use. In general, the total capital may not exceed the amount paid over 40% of annual family income of the beneficiary, in addition, the amount of the loan amount requested will be evaluated based on the value of the mortgaged property, or given as collateral.

On the market lately, there are offers of loans that can cover 100% of property value, calculated on an expert report commissioned by the bank.

To obtain a home mortgage there are many possibilities paa or not delivery. An example is the one referred to the category of pensioners, according to some statistics, is facing greater difficulties about obtaining a mortgage, and they, in fact, there are fewer guarantees than the expectation of life, causing problems such as the the bank would rather avoid.

The interest on home loans have a low risk investment profile, if any, given by the presence of the mortgage on the property, while the interest on bank loans, for other expenses, have higher rates of interest.


The evaluation criteria for obtaining a home mortgage, but simply are rigid:

• The relationship between the mortgage and the monthly income can not exceed 30%
• The amount of the loan can not exceed 80% of the value of the property, except the 100% mortgage, on which there are maximum limits on the amount financed
• Not be bad payers or tax bias tax breaks exist for those who request a home mortgage, for example, interest expense (in the case of first home purchase) are deductible from income tax of 19% of the beneficiary.
  

The home mortgage's interest to satisfy the request of the beneficiary to consider these data to find the best combination:

• Amount of funding, can only cover part or all of the value of
• Rate of interest may be fixed or variable, for the duration of the loan - duration:
• The year in which you can repay the loan;
• Typically, the maximum is 30 years
• Amount of rate: the amount of the installments from the Plan of loan repayments
  

Based upon the distribution of demand loans, banks have started offering various formulas and spread, but equally complex, and this broad ability allows you to choose the best solution closest to your needs, but leads to get lost in a maze of contracts, annotations, a few clear terminology and documents, or otherwise difficult for the party or the work.